GenFed offers loan protection options to give you and your family peace of mind.

Vehicles lose value as soon as you drive them off the sales lot. That means if your new car is totaled or stolen, your insurance company might not cover your entire loss. Insurance companies cover the value of your car, not the amount you still owe on your loan.

Guaranteed Auto Protection (GAP) insurance:

  • Helps you pay off your remaining loan balance after the deductible.
  • Allows you to clear your credit.
  • Makes it easier to start fresh with a new vehicle purchase.
  • Is inexpensive and can be included in your monthly payment.

Our Ohio members also have the option to choose GAP Plus, which offers the additional benefit of a $1,000 deductible toward your next GenFed vehicle loan if financed within 90 days of your GAP claim settlement.

Call or visit your local branch to learn more!

As vehicles get older and miles add up, the likelihood for repairs increases.  Mechanical Repair Coverage can help you limit out-of-pocket costs for covered breakdowns.

To research, compare and buy Mechanical Repair Coverage, visit our Forever Car website or call 866.228.5663, where you can take advantage of:

  • Convenience – easy to use, 24/7 online shopping experience
  • Customer service – expert service through a dedicated call center
  • Monthly payments – through a convenient monthly payment plan that fits your budget

Call or visit your local branch to learn more!

Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CAM, where coverage is offered as insurance by Virginia Surety Company, Inc. in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., in FL, LA and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc.  (Florida License #60023 and Oklahoma License #44198051), all located at 175 West Jackson Blvd., Chicago Illinois 60604, 800.752.6265.  This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as insurance (from MBIP 08/16), it is underwritten by Virginia Surety Company, Inc.  Coverage varies by state, Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions of this voluntary product.

Get a Quote

When you take out a loan or open a credit card, you have every intention of making the payments. But what happens to those payments if something happens to you? Most types of insurance coverage protect your everyday expenses, but not your loan balances.

MEMBER’S CHOICE® credit life and credit disability insurance from GenFed covers your loan payments in the event of a disabling illness, injury, or death.

Credit life reduces or pays off your eligible loan balance if you die from a covered accident or illness before your loan is paid off.

Credit disability makes your monthly loan payments if you are unable to work due to a covered illness or injury. The payments continue until you return to work, pay off your loan, or reach the policy maximum.

You can include this protection in your loan amount or with your credit card. There are no physical exams or complicated forms required.

Credit Card Insurance Application (PDF)

Call or visit your local branch to learn more!